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Refer to the above information. Assume z invests $60,000 cash into the XY partnership for a one-fourth interest in partnership capital and profits, and the

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Refer to the above information. Assume z invests $60,000 cash into the XY partnership for a one-fourth interest in partnership capital and profits, and the total firm capital of the XYZ partnership is $260,000. What is the capital balance of X after Z is admitted into the partnership? A) $89,500 B) $87,000 C) $88,000 D) $82,000 Refer to the above information. Assume that Z invests $80,000 cash into the XY partnership for a one-fifth interest in partnership cap and profits, and the total firm capital of the XYZ partnership is $280,000. What is the capital balance of Y after Z is admitted into partnership? A) $119,600 B) $112,000 C) $110,000 D) $100,400

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